Casa Merah
Tanah Merah Kechil Avenue · D16 · Outside central region · Apartment
The median sale at Casa Merah was $1,740,000 — $1,394 psf — across 111 transactions between Oct 2021 and Aug 2026. 99-year lease from 2006.
What it costs per month of lease
A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.
This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.
Year by year
Too few sales in one or both ends of the window to quote a change, so the years are given as they are.
- 2021two sales$1224
- 202232 sales$1243
- 202316 sales$1384
- 202423 sales$1444
- 202520 sales$1510
- 202618 sales$1542
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,172,500 | $1,224 psf | 2 |
| 2022 | $1,510,000 | $1,243 psf | 32 |
| 2023 | $1,760,000 | $1,384 psf | 16 |
| 2024 | $1,780,000 | $1,444 psf | 23 |
| 2025 | $1,925,000 | $1,510 psf | 20 |
| 2026 | $1,939,000 | $1,542 psf | 18 |
What it rents for
URA’s median of rental contracts lodged at Casa Merah in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D16
- Pinery Residences · $2,548 psf
- Vela Bay · $2,867 psf
- The Bayshore · $1,302 psf
- Eco · $1,484 psf
- The Glades · $1,646 psf
- Urban Vista · $1,541 psf
- Grandeur Park Residences · $1,906 psf
- Archipelago · $1,481 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.